# ABB acquires Meshmind to boost AI and software automation capabilities

ABB has agreed to acquire a majority stake in software service provider Meshmind to expand its R&D capabilities in AI, Industrial IoT and machine vision. The acquisition will create a new global R&D hub in Sarajevo, Bosnia, for ABB's Machine Automation division (B&R).

- Type: Acquisition
- Announced: 2024-01-18
- Where: Sarajevo, Bosnia, Bosnia & Herzegovina
- Jobs: 50
- Status: announced
- Products: AI-powered automation solutions, deep learning vision systems, IoT applications
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (acquirer)
- [Meshmind](https://endata.com/companies/75113.md) (target)

## Sources

- [br-automation.com](https://www.br-automation.com/en-us/about-us/press-room/abb-acquires-rd-engineering-company-to-further-advance-ai-and-software-driven-automation-18-01-2024/), 2024-01-18: "Through this acquisition, we will further accelerate the development of our software and AI-powered solutions to make automation more adaptive and accessible."
- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/2024/02/14/abb-acquires-rd-engineering-company-meshmind/79904/), 2024-02-14: "Through this acquisition, we will further accelerate the development of our software and AI-powered solutions to make automation more adaptive and accessible."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.